H.R. 6346 · 116th Congress
To establish a standard interest rate under programs for economic injury disaster loans, and for other purposes.
- Stage
- In committee
- Sponsor
- Ruben Gallego
- Introduced
- 2020-03-23
- Latest action
- 2020-03-23 · Introduced in House
Summary
This bill sets the interest rate on a disaster loan issued by the Small Business Administration at the lesser of the interest rate that is (1) otherwise chargeable under the economic injury disaster loan program, or (2) payable on the most-recently issued U.S. ten-year Treasury note.